Hong Kong SAR, China: Unbleached Sulphate Pulp Market 2024

Unbleached Sulphate Pulp Market Size in Hong Kong SAR, China

The Hong Kong unbleached sulphate pulp market stood at $X in 2022, remaining constant against the previous year. Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.8% against 2019 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Unbleached Sulphate Pulp Production in Hong Kong SAR, China

In value terms, unbleached sulphate pulp production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 20% against the previous year. Unbleached sulphate pulp production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Unbleached Sulphate Pulp Exports

Exports from Hong Kong SAR, China

After five years of growth, shipments abroad of unbleached sulphate pulp decreased by -8.2% to X tons in 2022. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 87%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, unbleached sulphate pulp exports reduced to $X in 2022. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 80%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for unbleached sulphate pulp exports from Hong Kong SAR, with a 64% share of total exports. Moreover, unbleached sulphate pulp exports to India exceeded the volume sent to the second major destination, China (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+22.5% per year) and the United States (0.0% per year).

In value terms, India ($X) remains the key foreign market for unbleached sulphate pulp exports from Hong Kong SAR, comprising 57% of total exports. The second position in the ranking was held by Malaysia ($X), with a 17% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-21.1% per year) and China (+15.1% per year).

Export Prices by Country

In 2022, the average unbleached sulphate pulp export price amounted to $X per ton, with a decrease of -3.6% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unbleached sulphate pulp export price increased by +19.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 36% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Unbleached Sulphate Pulp Imports

Imports into Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in overseas purchases of unbleached sulphate pulp, when their volume decreased by -45.5% to X tons. In general, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 when imports increased by 3,348%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, unbleached sulphate pulp imports expanded notably to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 2,383% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) was the main supplier of unbleached sulphate pulp to Hong Kong SAR, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at +41.8%.

In value terms, Japan ($X) constituted the largest supplier of unbleached sulphate pulp to Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled +39.7%.

Import Prices by Country

In 2022, the average unbleached sulphate pulp import price amounted to $X per ton, picking up by 102% against the previous year. In general, the import price saw a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.7% per year.

Source: IndexBox Platform

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